The precious metals complex is bouncing back nicely from a recent bout of sharp corrections

The precious metals complex is bouncing back nicely from a recent bout of sharp corrections throughout most of the week. Thursday’s disappointing global economic data out of Chine and Europe seem to be outweighed by positive sentiment supported by recent central bank actions that seek to defibrillate the sluggish economy. The drop in PGM’s, particularly platinum and palladium, has provided a good bargain hunting opportunity and with labor unrest still a persistent issue in South Africa platinum has been supported higher by more than 1%, currently trading at $1643. Palladium is up more than 1.5% and is currently trading at $671.50. Gold is up nearly 1% as well as the U.S. dollar gets thumped and investors head for higher ground. There’s not much in the way of domestic economic data on tap for today but being that it’s quadruple witching day, we can expect some volatility to end the week. Have a great day!